A country has a budget deficit of $50 billion and total government expenditure o

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Question: A country has a budget deficit of $50 billion and total government expenditure of $500 billion. What is the percentage of the budget deficit to total expenditure?

Options:

Correct Answer: 10%

Solution:

Percentage of budget deficit = (Budget Deficit / Total Expenditure) * 100 = ($50 billion / $500 billion) * 100 = 10%.

A country has a budget deficit of $50 billion and total government expenditure o

Practice Questions

A country has a budget deficit of $50 billion and total government expenditure of $500 billion. What is the percentage of the budget deficit to total expenditure?

Questions & Step-by-Step Solutions

A country has a budget deficit of $50 billion and total government expenditure of $500 billion. What is the percentage of the budget deficit to total expenditure?

Step 1: Identify the budget deficit amount, which is $50 billion.
Step 2: Identify the total government expenditure amount, which is $500 billion.
Step 3: Use the formula for percentage: Percentage = (Part / Whole) * 100.
Step 4: Substitute the values into the formula: Percentage of budget deficit = ($50 billion / $500 billion) * 100.
Step 5: Calculate the division: $50 billion divided by $500 billion equals 0.1.
Step 6: Multiply the result by 100 to convert it to a percentage: 0.1 * 100 equals 10%.
Step 7: Conclude that the percentage of the budget deficit to total expenditure is 10%.

Budget Deficit – The amount by which a government's expenditures exceed its revenues.
Percentage Calculation – The process of determining a fraction of a whole expressed as a percentage.
Government Expenditure – Total spending by the government, including all public services and investments.

A country has a budget deficit of $50 billion and total government expenditure o

What’s inside this PDF?

A country has a budget deficit of $50 billion and total government expenditure o

Practice Questions

Questions & Step-by-Step Solutions

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